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Edited by Gerrit De Geest

The second, expanded edition of the acclaimed Encyclopedia represents a major update of the most authoritative reference work in the field of law and economics and the nine print volumes are now released online as a single integrated product.The Encyclopedia provides balanced and comprehensive coverage of the major domain in law and economics, including: criminal law, regulation, property law, contract law, tort law, labor and employment law, antitrust law, procedural law, and the production of legal rules. Each theme or volume is overseen by a leading scholar and each of the 166 entries is prepared by an expert in the field, providing an in-depth and authoritative overview of the individual topic, combined with an exhaustive bibliography, allowing users to access and filter the entire corpus of literature in law and economics.As with the print edition, the Encyclopedia is unique in serving both as an entry point and a platform for advanced research. The online edition is enhanced with Elgaronline’s powerful search tools, facilitating the search for key terms across the entire Encyclopedia, whilst the browse function allows users to move seamlessly between the volumes. These elements combine to create a powerful research tool for any researcher or scholar in the field of law and economics.

Emanuela Carbonara, Department of Economics, University of Bologna, Italy.

Celeste K. Carruthers, Assistant Professor, Department of Economics and Researcher, Center for Business and Economic Research, University of Tennessee, USA.

Alessandro Cigno, Professor of Economics, University of Florence, Italy, President of CHILD (Turin), and Fellow of CESifo (Munich) and IZA (Bonn), Germany.

George M. Cohen, Brokaw Professor of Corporate Law and Barron F. Black Research Professor of Law, University of Virginia School of Law, USA.

Mark A. Cohen, Resources for the Future, Vanderbilt University, USA.

Daniel H. Cole, Indiana University School of Law, Indianapolis, USA.

Robert Cooter, School of Law, University of California at Berkeley, USA.

Thomas F. Cotter, Briggs and Morgan Professor of Law, University of Minnesota Law School, USA.

Daniel A. Crane, Professor of Law, University of Michigan, USA.

Katalin J. Cseres, Associate Professor of Law, European Law Department, University of Amsterdam and Research Fellow, Amsterdam Centre for Law and Economics (ACLE) and Amsterdam Centre for European Law and Governance (ACELG), The Netherlands.

Andrew F. Daughety, Professor of Economics and Professor of Law (by courtesy), Department of Economics and Law School, Vanderbilt University, USA.

Kenneth G. Dau-Schmidt, Willard and Margaret Carr Professor of Labor and Employment Law, Indiana University Maurer School of Law, USA.

Simon Deakin, Professor of Law and Programme Director, Centre for Business Research, University of Cambridge, UK.

Gerrit De Geest, Professor of Law and Director of the Center on Law, Innovation and Economic Growth, School of Law, Washington University, USA.

Jef De Mot, Faculty of Law, Ghent University, Belgium.

Ben Depoorter, Ghent University Law School, The Netherlands and University of Miami Law School, USA.

Antony W. Dnes, Professor of Economics, University of Hull Business School, UK and Professor of Economics, University of San Diego, USA.

Sjef van Erp, Professor of Civil Law and European Private Law, Maastricht University, The Netherlands.

Laarni Escresa, University of Hamburg, Germany.

Michael Faure, Professor of Comparative and International Environmental Law, Maastricht European Institute for Transnational Legal Research (METRO), Maastricht University and Professor of Comparative Private Law and Economics, Rotterdam Institute of Law and Economics (RILE), Erasmus School of Law, Erasmus University Rotterdam, The Netherlands.

Carmine Guerriero, Department of Economics, University of Amsterdam, The Netherlands.

Gillian K. Hadfield, Richard L. and Antoinette S. Kirtland Professor of Law and Professor of Economics, University of Southern California, USA.

Seth D. Harris, Professor of Law and Director of Labor and Employment Law Programs, New York University School of Law, USA.

Jeffrey L. Harrison, Stephen C. O’Connell Chair and Professor of Law, Levin College of Law, University of Florida, USA.

Adrien de Hauteclocque, Legal Secretary (Référendaire) of Judge M. van der Woude, Court of Justice of the European Union, Luxembourg and Research Associate, Loyola de Palacio Chair of the European University Institute, Florence, Italy.

Dirk Heremans, Professor Emeritus of Monetary Economics and of Law and Economics, Faculty of Business and Economics, and Faculty of Law, Katholieke Universiteit Leuven, Belgium.

Johan den Hertog, Associate Professor in Law and Economics, Faculty of Law, Economics and Governance, Utrecht University, The Netherlands.

Alessio M. Pacces, Professor of Law and Finance, Rotterdam Institute of Law and Economics (RILE), Erasmus School of Law, Erasmus University Rotterdam, The Netherlands and Research Associate, European Corporate Governance Institute (ECGI).

William H. Page, Marshall M. Criser Eminent Scholar and Senior Associate Dean for Academic Affairs, Levin College of Law, University of Florida, USA.

Francesco Parisi, University of Minnesota School of Law, USA and Department of Economics, University of Bologna, Italy.

Donatella Porrini, Associate Professor of Economic Policy, Department of Economics and Quantitative Methods, University of Salento and member of the Euro-Mediterranean Centre on Climate Change (CMCC), Italy.

Robert A. Prentice, Ed and Molly Smith Centennial Professor of Business Law, McCombs School of Business, University of Texas at Austin, USA.

Nuno Garoupa is Professor of Law at the Texas A&M University School of Law in the United States.

Daniel Klerman is Charles L. and Ramona I. Hilliard Professor of Law and History at the University of Southern California Gould School of Law in the United States.

Megan J. McGinnis is an Associate at Anderson Coe & King in Baltimore, MD, United States.

Thomas J. Miceli is Professor in the Department of Economics at the University of Connecticut in the United States.

Mariana Pargendler is Professor of Law at the Fundação Getulio Vargas School of Law in São Paulo, Brazil.

Daria Roithmayr is George T. and Harriet Pfleger Chair in Law at the University of Southern California Gould School of Law in the United States.

Horacio Spector is Professor at the University of San Diego School of Law in the United States and the Founding Dean and Professor in the Faculty of Law and former Provost at the Universidad Torcuato Di Tella in Buenos Aires, Argentina.

Maxwell L. Stearns is Associate Dean for Research and Development and Venable Baetjer & Howard Professor of Law at the University of Maryland Francis King Carey School of Law in the United States.

Thomas S. Ulen is Swanlund Chair Emeritus at the University of Illinois at Urbana–Champaign, Professor Emeritus of Law at the University of Illinois College of Law, Distinguished Visiting Professor at the Texas A&M University School of Law, and Faculty Fellow of the Hagler Institute for Advanced Study, Texas A&M University in the United States.